Mixed-Use Property with
For Sale
$3,499,000
137 7th ave, Brooklyn, NY 11215
Business Opportunity, Brooklyn, NY
Property Size3,584 SF
Lot Size0.04 Acres
Price / SF$976.28
Days on Market53
Property Features for 137 7th ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 5
Subdivision
Park Slope
Standard status
Active
Size
3,584 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
24282
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1920
Floors in Building
4
Flooring type
Tile
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Added: Jul 15
Changed: Sep 4
Last Checked: Sep 5 at 2:06AM
MLS# 11887238
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines six studio apartments with a street-level commercial operation. The included pizza and bakery business comes with machinery, fixtures, and other equipment serving the existing culinary use. The building contains 3,584 square feet on a 0.0402-acre lot and was constructed in 1920. Stucco construction, tile flooring, a flat roof, and natural gas and steam heating are among the documented building features.
Located at 137 7th Avenue in Brooklyn, the property is positioned near Barclays Center with access toward Lower Manhattan. The address is in ZIP Code 11215, within Kings County. The combination of residential units and an equipped commercial component creates a single asset with both apartment and restaurant uses.
Located at 137 7th Avenue in Brooklyn, the property is positioned near Barclays Center with access toward Lower Manhattan. The address is in ZIP Code 11215, within Kings County. The combination of residential units and an equipped commercial component creates a single asset with both apartment and restaurant uses.
Key Highlights
- Six studio apartments included
- Existing pizza and bakery business with machinery, fixtures, and equipment
- 3,584 square feet on a 0.0402‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$207,729
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,154,580
$4.2M
Cap Rate 7%
$2,967,557
$3.0M
Cap Rate 9%
$2,308,100
$2.3M
Market Conditions
NOI Build-Up for 3,584 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$301.1K $84.00/SF
− Vacancy
−$24.1K −$6.72/SF
EGI
$277.0K $77.28/SF
− OpEx
−$69.2K −$19.32/SF
NOI
$207.7K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,154,580
Cap Rate 7%
$2,967,557
Cap Rate 9%
$2,308,100
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.46M
NOI $207,729 @ 7.0% cap · market cap 5.94%
Second Best
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,099 @ 7.0% cap · market cap 3.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes six studio apartments and an equipped pizza and bakery business.
Where is this mixed-use property located?
The property is located at 137 7th ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Six studio apartments included; Existing pizza and bakery business with machinery, fixtures, and equipment; 3,584 square feet on a 0.0402‑acre lot
